Thursday, April 12, 2018 9:42:48 AM
A study conducted by professors Eli Bartov, of New York University’s Stern Business School, and Yaniv Konchitchki, of the University of California at Berkeley, and published in December 2017, looked at financial market reactions to companies with late filings. The authors found several impacts including that:
(a) delayed quarterly filings have distinctly different effects on firm value than do delayed annual filings.
(b) investors do not accept at face value management assertions about the expected filing date
(c) accounting problems play a unique role in communicating the seriousness of the delay
(d) delayed announcements tend to be followed by continued poor operating and stock price performance.
Read more: SEC Form NT 10-Q
https://www.investopedia.com/terms/s/sec-form-nt-10-q.asp#ixzz5CSszMWLV
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